Purification and Zakat (for long-term investing) calculations are in USD per share and based on AAOIFI methodology. AAOIFI requires purification every financial period (e.g. quarterly).
If you follow S&P Shariah’s Dividend-only purification, then remove the impure income % from the dividends you receive. No purification required for non-dividend paying stocks, according to S&P Shariah.
For Zakat, if you did not invest in a company from a long term perspective, then consider the shares as trading goods and give 2.5% of the total value if a year has passed on them.
Company Profile
Complii FinTech Solutions Limited is a digital platform company. The Company offers an end-to-end software-as-a-service (SaaS)-based technology solution for Australian Financial Services (AFSL) companies (Stockbrokers and Financial Advisers) and their licensed user-centric workflows for compliance, capital raising and operational needs plus a global trading platform which enables the trading of shares in unlisted companies and funds. Its segments include Complii, a financial technology platform sector; PrimaryMarkets, a trading platform sector, and Adviser Solutions Group, an AFSL sector. The Company provides solutions to the financial services sector covering compliance, capital raising, e-learning, account opening and online portfolio management tools. These solutions are primarily provided through the Complii Platform, a modular and customizable platform that provides a digital solution to meet specific business, compliance, and operational needs of financial organizations.
CF1 - Complii Fintech Solutions Ltd
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